Gold- bye-bye, buy-buy!

4 בספט׳ 2020

At the beginning of the week, Gold failed to pass above 2k zone putting in a lower high clearly visible on all time frames. The drop from 1994 was aggressive and only in 1925 price found support. 1925 is also confluence support of horizontal and ascending trend line and a break here would put Gold optimists in a difficult situation with a possible drop to 1860.
I m definitively a bear as long as the price stays under 1955 and I will look to sell rallies for a target of at least 1900